Weight Watchers International Inc. sued rival Jenny Craig Inc., claiming it lied in an advertising campaign saying its weight-loss program is superior to Weight Watchers’. The centerpiece of the campaign is a TV ad featuring spokeswoman Valerie Bertinelli in a ...
Read More »Exxon loses phase one of groundwater trial
Exxon Mobil Corp. lost the first phase of a trial in which New York accused the company of poisoning the city’s groundwater, with a jury ruling the city intends to build a plant to treat the water as it says ...
Tagged with: Exxon Exxon Mobil Corp. groundwater MTBE poisoning
Read More »Bank of America fined $33M by SEC over Merrill bonuses
Bank of America Corp. paid $33 million to settle U.S. regulatory claims that it misled investors about bonus payments while buying Merrill Lynch & Co. Bank of America said in a November joint proxy statement for the acquisition that Merrill ...
Tagged with: Bank of America Corp. executive bonuses Merrill Lynch & Co.
Read More »Yankees win suit over stadium documents
The New York Yankees don’t have to produce a catalog of subpoenaed documents tied to tax breaks and $950 million of low-cost financing for the Major League Baseball team’s new stadium, a judge ruled. The subpoena, issued by the New ...
Tagged with: Major League Baseball New York Yankees
Read More »Denny’s sued over salt content of meals
Denny’s Corp., the largest full-service U.S. family restaurant chain, was sued over the salt content of its meals by a New Jersey man represented by a Washington advocacy organization. “Denny’s is public-health enemy No. 1 when it comes to sodium,” ...
Read More »Yankees won’t restrict fans for ‘God Bless America’
The New York Yankees agreed not to restrict spectators’ movements during the playing of “God Bless America” at its new stadium to end a suit brought by a man who was thrown out last year for trying to use the ...
Tagged with: Donna Lieberman God Bless America Major League Baseball New York Yankees
Read More »Stifel Nicolaus to settle for $1 million in fee dispute
Hampton Roads Bankshares Inc., the bank holding company that bought Gateway Financial Holdings last year, agreed to pay $1 million to settle a suit by Stifel Nicolaus accusing Gateway of failing to pay advisory fees. The settlement was reached June ...
Tagged with: Gateway Financial Holdings Stifel Nicolaus Inc.
Read More »Judge renews criticism of portfolio monitoring
A federal judge renewed his criticism of law firms’ monitoring retirement-fund portfolios for fraud because the practice may spur questionable lawsuits. U.S. District Judge Jed Rakoff in New York criticized the practice in an opinion Tuesday. He had previously expressed ...
Tagged with: Jed Rakoff Private Securities Litigation Reform Act retirement-fund portfolios
Read More »Maersk cook sues over job in ‘pirate-infested’ waters
A cargo-ship steward who was taken hostage by Somali pirates sued Waterman Steamship Corp. and Maersk Line Ltd. for sending him into what he called “pirate-infested waters” without adequate protection. Richard E. Hicks, 53, who was chief steward preparing food ...
Tagged with: Maersk Line Ltd. pirates Waterman Steamship Corp.
Read More »Schering, Merck seek to toss out Web site allegations
Schering-Plough Corp. and its joint venture with Merck & Co., marketers of cholesterol pill Vytorin, asked a judge overseeing a suit against them to toss out allegations from what they call a “repulsive, offensive and obscene” Web site. Investors sued ...
Tagged with: CafePharma cholesterol pill Merck & Co. Schering-Plough Corp. securities fraud Vytorin
Read More »Chuck Berry sued for $123,000 over canceled shows in Europe
Chuck Berry, the musician whose songs include “Rock and Roll Music” and “Johnny B. Goode,” was sued by a booking agent for at least $123,000 over canceled shows and extra travel expenses on his European tour last July. Berry, who ...
Tagged with: canceled shows Cheyenne Productions Chuck Berry Europe Rock and Roll Hall of Fame sued
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